79NB Moat Hms 5% 41

TIDM79NB

RNS Number : 2346H

Moat Homes Limited

14 November 2018

14 November 2018

Moat Homes Regulatory Judgement from the Regulator of Social Housing

The Regulator has today published a revised Regulatory Judgement for Moat.

Governance: G2 (Compliant)

Following the 2018 stability check and reactive engagement the Regulator has confirmed that Moat meets the governance requirements but needs to improve some aspects of its governance arrangements to support continued compliance.

Viability: V1 (Compliant)

Moat meets the Regulator's viability requirements and has the financial capacity to deal with a wide range of adverse scenarios.

Moat comment:

The revised rating resulted from the disposal of 26 units as part of our strategy to focus on our core areas of London and the southeast, where we currently have over 20,000 homes under management. Moat still retains the highest financial rating of V1 and we are already having positive discussions with the Regulator about what we need to do in order to return to a G1 governance rating. We remain focused on our ambitious development programme which will deliver over 2,000 affordable homes both for rent and for shared ownership.

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November 14, 2018 03:00 ET (08:00 GMT)

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